Ethereum staking volume hits all-time high, Q3 annualized yield drops to 2.63%

BlockBeats news, October 31 - Bitwise's Q4 staking report shows that Ethereum staking has reached 43.8 million ETH, accounting for 35.9% of the total supply, a record high; net staking inflows in Q3 were 1.99 million ETH, maintaining net inflows for six consecutive quarters. Solana's active staking increased to 440.5 million SOL.

However, staking yields on both networks have declined. Ethereum's average annualized staking yield in Q3 fell from 2.81% in Q2 to 2.63%, with 96.3% coming from ETH issuance. Solana's gross staking yield dropped from 6.38% to about 6%, with nearly 90% still coming from token issuance. The above data have not deducted service provider fees and do not equate to the actual yield received by customers.

Coinbase stated that staking ETFs and digital asset treasuries are broadening participation channels. Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, noted that after custodians support staking, institutions can participate through existing custody relationships, and the focus of discussion has now shifted to implementation issues such as validator decentralization, code audits, and the proportion of fund staking.

Liquidity remains a constraint for institutions. Gilbert said funds typically need to meet redemptions within one or two days, but ETH unstaking may take weeks, so some unstaked assets will be retained. He estimates that the average staking ratio for related products in Europe is only 50% to 60%. Liquid staking tokens can provide an alternative exit channel, but actual sales still depend on market liquidity and price.